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Old Yesterday, 07:13 AM
 
Location: Northeast states
6,791 posts, read 4,644,073 times
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Miami with those high rise condos with ocean views like Brickell area or Coconut Grove or Tampa if it is in Florida.
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Old Yesterday, 08:01 AM
 
6,988 posts, read 4,218,905 times
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I would move back to the Fort Lauderdale area from where I live now which is the Fort Myers area.
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Old Yesterday, 08:06 AM
 
3,219 posts, read 5,264,727 times
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Quote:
Originally Posted by Brando is Alive View Post
Not trolling. Honest sincere question. What would you do? Imagine if you received a $1 million inheritance. Where would you choose to live? Would you stay in Florida? If not, where would you go?
I would stay in the area I live now on the mainland-nit the island. Only difference would be I would want a house that is still on city water but also city sewer. It would still have to have a family room and 3 bedrooms. I would stay living in a house because of not wanting neighbors on the other side of a wall(been there done that). I would hire lawn care because harder to maintain a yard as we age. I would add an in ground pool and maintenance. It would allow me to travel to spend time with family a little easier without having to budget so much.
Other than that would not change. I think I would probably still work part time and do volunteer work because staying home and associating with just older people would drive me crazy.
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Old Yesterday, 08:20 AM
 
Location: Miami, FL
4,804 posts, read 6,045,836 times
Reputation: 7458
Quote:
Originally Posted by BPt111 View Post
Miami with those high rise condos with ocean views like Brickell area or Coconut Grove or Tampa if it is in Florida.
I'm confused by this post.
I get Miami with the view in Brickell thing, but the whole "Tampa if it is in Florida" part confuses me? Like, Yes, Tampa is in Florida, so..... I don't think it's really an "if"
sorry, I dont mean to be like calling you out, it was just an interestingly worded post.


Anyway, a million bucks is a nice chunk of change, but is it really enough to kind of move out of state and start completely over? Ideally, I'd love a home in the hills of southern California with sweeping vista views of the city or ocean, but I doubt a million bucks would even get you that in southern Cal. It'd prob get me a comfy suburban home in orange county in a middle class-looking sub-division.,
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Old Yesterday, 10:36 AM
 
13,890 posts, read 27,266,972 times
Reputation: 15221
Quote:
Originally Posted by BucFan View Post
I'd stay in FL, Tampa Bay. $1 mil isn't a lot of money anymore - and I wouldn't throw it at a huge house (expenses, taxes, insurance). I'd probably take the money and renovate the current home I'm living in to modernize it a bit.

TB has everything I really need - for everything that interests me (music, sports, recreation, scenery).

If not FL, Utah, Colorado, possibly Wyoming.
I agree. 1 million is not a lot of money, especially if you are spending on moving and purchasing another home. I would stay in the area - currently Sarasota/Manatee, but possibly contemplating a move to St. Pete when hubby retires in a few years. We will probably have close to that amount eventually anyway due to his retirement funds and the estate we stand to inherit. I like the little home we are in now, and would probably fix it up. If we moved to St. Pete, have my eye on a condo in a downtown over -55 building. I love it here, and if I want to see anything else I can travel. Florida is my home state; and it has been very, very good to my husband and me.
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Old Yesterday, 10:39 AM
 
Location: South Florida
4,288 posts, read 4,015,338 times
Reputation: 4090
Quote:
Originally Posted by KittySkyfish View Post
Well, depends. Do you have a career and income that's portable? Would your current income support the costs required to own your new dream home and life once the inheritance was spent?

If I started with a modest income when I got the million, I would buy a small house that didn't require high insurance and taxes, set aside some for graduate school (while maintaining employment), and the rest goes into investment. From there I would improve my work skills to build a solid career path, leading to a greater annual income.

The million would be seed money for self-improvement and long-term security.

Fantastic post!!!
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Old Yesterday, 10:42 AM
 
92 posts, read 35,120 times
Reputation: 480
I would stay where I am which is not Florida. I would spend the money on spending time with friends and relatives. I have found over the years that friends and relatives won't spend their money to enjoy time with me but I will certainly spend mine to have time with them. People are much more important to me than money.
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Old Yesterday, 11:20 AM
 
Location: Port Charlotte FL
720 posts, read 329,900 times
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I'd buy two homes..one in Florida..one in North Carolina..snowbird..
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Old Yesterday, 11:50 AM
 
Location: Tampa, FL
24,893 posts, read 20,975,323 times
Reputation: 11337
Quote:
Originally Posted by double6's View Post
I'd buy two homes..one in Florida..one in North Carolina..snowbird..
a good idea as long as your estate can afford two states' real estate tax, insurance and the money required to maintain, utilities, etc.
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Old Yesterday, 11:59 AM
 
13,890 posts, read 27,266,972 times
Reputation: 15221
Quote:
Originally Posted by BucFan View Post
a good idea as long as your estate can afford two states' real estate tax, insurance and the money required to maintain, utilities, etc.
Yes, we actually tried that once 10 years ago - bought a second home in Asheville with the idea that we would use it for vacation and future snowbirding. After less than three years we realized how EXPENSIVE it was to own even two smallish modest homes, not to mention worrying about taking care of it from afar. So we sold the Asheville home. Much happier, and we figure we can always visit.
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